Pivot: 120.25
Our preference: Long positions above 120.25 with targets @ 121.85 122.3 in extension.
Alternative scenario: Below 120.25 look for further downside with 119.7 119.1 as targets.
Comment: the pair is rebounding and is approaching its next resistance, the RSI is well directed but is also overbought.
Key levels
122.75
122.3
121.85
121.634 last
120.25
119.7
119.1
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